Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.

TSX:KRN - Post by User

Karnalyte Resources Inc

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Comment by businessenseon Mar 10, 2016 2:48pm

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Post# 24644774

RE:RE:RE:RE:RE:To the management team of KRN

Read your FA closer. It is 51% without Robin. Now if you think you are going to raise anymore money with less dilution, good luck. You won't get anywhere without money and need to generate it unless he find a way to do the Pilot Plant that ended as a lot of ....

You can do a share buyback when making money. As for being able to keep control...that ship has sailed. I doubt you have a better idea or realistic solution.

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